>> my gut is, the economy in gas and oil, is improving, because of fracking. and, automotive, because of the obsolescence, we have strength and housing is coming off the bottom now and no question, the three segment are moving, capital spending is nowhere. the economy is running along at a 1.5% gdp rate and you might get two every now and then and look what happened in the third quarter. 62% of american companies missed their revenue forecasts. that doesn't bode well and challenger, came out, layoff announcements are up 41%. >> neil: what is the dichotomy between average folks, a consumer confidence survey out, very high and bosses, guys like you, very do your. my feel it when my boss is depressed and i wonder, why should i be happy. >> the industrial economy, right now, let's talk about this election, and, going forward. as i see it, and, 2013-2014. we have four, if you will question marks, and the first two, the fiscal cliff, everybody talks about. you know, the debt, the taxes, how we'll get revenues, versus costs and the second one, the regulatory wall, no